Motley:
Transurban Group (ASX: TCL) had a great year of growth and acquisitions. It expanded into Brisbane by purchasing the Queensland Motorways Ltd portfolio of five toll roads and tunnels. In addition, it bought Sydney’s Cross City Tunnel and is working on more toll road projects in Melbourne.
The company reported a $252.2 million full year net profit, up 44%. Full year distributions were up 12.6% to 33.1 cents per security. Toll revenues grew strongly and in FY 2015 we will see the extra revenues from the Brisbane toll roads and tunnels added, so earnings could see a boost. Toll road operating leases last for decades, so shareholders could have a reliable dividend-paying stock for many years to come. The stock offers a hefty 4.5% dividend yield partially franked.
Brisconnections, page-2
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Last
$12.51 |
Change
-0.370(2.87%) |
Mkt cap ! $38.83B | |||
| Open | High | Low | Value | Volume |
| $12.68 | $12.69 | $12.51 | $50.13M | 3.991M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 128472 | $12.51 |
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| Price($) | Vol. | No. |
|---|---|---|
| $12.53 | 1241 | 1 |
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